Small And Medium-sized Enterprises Financing Difficulties And Resolve The Causes Of Ideas

Various countries have attached importance to the development of small and medium-sized enterprises because they play an unsubstantiated rile at economic growth, science and technology progress, expanding the international trade and reducing the unemployment. After the reform and opening in our country, small and medium-sized enterprises also play an important role at economic growth, reducing unemployment and technology progress. In 2008,78.6% of newly increasing industry production and 43.7% of revenue come from small and medium-sized enterprises,75% of the urban employees work at small and medium-sized enterprises. Small and medium-sized enterprises have been an important and active part in our national economic, so the government and economists have attached more importance to them and supported the development of them.The recognition of the important position of small and medium-sized enterprises in economy development leads to the value of financing predicament gradually. Perfect financial support system, active and well-developed financial markets and sound laws and regulations in western developed countries combined in efforts to mitigate the financing crisis, whereas in particular China's current development stage of the economy system, financing difficulty which is regarded as bottleneck of the growth of small and medium-sized enterprises and the root of restraining economy increment in China is highlighted due to unsound financial support system, imperfect relevant law laws and regulations, unstandardized operation of financial markets and insufficient capacity for development. Just because of that, financing predicament has aroused widespread concern in Chinese and foreign scholars.The status quo with China's SME financing, we analysis from the government, the financial system and the small and medium-sized enterprises in this paper. First, we make a full explanation for the status quo of small and medium-sized enterprises financing, the existing problems and the causes. At present the financing of small and medium-sized enterprises and the financing channels for small and medium-sized enterprises are unable to meet the needs of their own development, corporate external financing based mainly on indirect financing, more than half of the corporate finance needs are not met. The problem is mainly manifested in both the direct financing and the indirect financing are all difficulty. Finally, this article provided the solution of the current small and medium-sized enterprises difficulties of financing. To solve these problems, the small and medium banks should be extended because of their superiority at solving information asymmetry and high transaction cost. Four stated-owed commercial banks should serve small and medium-sized enterprises on their own initiative; Through opening the stock and bond financing channels, standardizing the local security exchange markets and developing the venture capital aiming at small and medium-sized enterprises will help the small and medium-sized enterprises financing.In the light of the characteristics of China's current economy and the status quo, this paper researches on the status and the underlying reasons of China's small and medium-sized enterprises financing difficulties, with an aim to grasping some solutions which is equipped with important practical significance and theoretical significance.